CalPERS Loses $69 Billion in Market Crash
Local governments and school districts will have some tough decisions to make.
Brittany M. 03/24/2020 - 6:00 AM
CalPERS Retiree Gets Fund’s Largest Pension Ever at $34,884 a Month

The California Public Employment Retirees System has seen its biggest payout to date, and the recipient is a former CalPERS employee.

Brittany M. 03/03/2020 - 9:31 AM
New Study Highlights Explosion in Local Governments’ Pension Costs
“Rising pension expenditures are already changing the landscape of local government, and the findings here suggest that the future of local government may look very different than the past,” the study’s author said.
Brittany M. 08/05/2019 - 4:19 PM
Santa Barbara Grand Jury Issues Key Report on Pensions

A new report from the Santa Barbara County Grand Jury warns that many public pension plans in the county are facing significant liquidity and solvency risks, and that new policies may be required to keep the system sound.

Brittany M. 06/26/2018 - 3:39 AM
As Pension Costs Rise, Brown Tells Local Governments They’re on Their Own

Many cities and counties “signed up for pensions they can’t afford” and need to “handle that themselves,” the governor said.

Brittany M. 05/22/2018 - 5:30 AM